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the republicans and democrats alike designed the fiscal cliff. it's a series of bipartisan compromises and i think it's kind of foolish to think that this group of congressmen and senators is going to come up with a way out of something they themselves designed. >> rich, you worked for a republican speaker who went up against a democratic president over the spending issues. back then the face-off didn't turn out all that well for your party. obviously very different era. do you agree with eric's take? is the right strategy for republicans to stick to their guns, forget about compromise? >> no. i really don't -- eric is one of my favorite people. we talk a lot. but i think that, and i did work for the speaker gingrich during the shut-down fight in '96, and it did not work out well for republicans. the president has a much bigger bully pulpit than the speaker does. newt gingrich's bully pulpit was pretty big back in those days but at some point, republicans in the house -- and i think boehner is trying to look for ways to do this, speaker boehner,
the republicans and democrats alike designed the fiscal cliff. it's a series of bipartisan compromises and i think it's kind of foolish to think that this group of congressmen and senators is going to come up with a way out of something they themselves designed. >> rich, you worked for a republican speaker who went up against a democratic president over the spending issues. back then the face-off didn't turn out all that well for your party. obviously very different era. do you agree with...
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Dec 9, 2012
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what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real progress. >> a unique moment in history where every developed country in the world, economists on both sides of the aisle, know the greatest threat to our country is fiscal solve advancecy. the minority party is trying to leverage the country into doing something great for our nation. it's a unique time and i hope the president soon will see the light. >> joining me the chris wallace. good morning. >> good morning, jamie. >> interesting interviews with optimism. do you think that -- they really believe a deal will happen and is each side willing to make a move? >> well, both senators said the
what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real...
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Dec 10, 2012
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today president obama returns to campaign mode taking the fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house, their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. so what happened? well, neither side revealed anything about the meetings, only saying that the lines of communication remain open. but yesterday another influential republican, senator bob corker from the senate banking commission said his party should consider the president's idea of raising tax rates on the wealthy. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. we have one house, that's it. the presidency and the senate is in the democrat's hands. a lot of people are putting forth a theory and i think it has merit where you go in and give the president the 2% increase that he's talking about, the rate increase on the top 2% and all of a sudden the shift goes back to entitlements. i ac
today president obama returns to campaign mode taking the fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house, their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. so what happened? well, neither side revealed anything about the meetings, only saying that the lines of communication remain open. but yesterday another influential republican, senator bob corker from the senate...
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Dec 10, 2012
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. >> when it comes to the so- called fiscal cliff, president obama and house speaker john boehner met today. >> they said the lines of communication remain open. this comes after the head of the international my terry fund got tough on at the sunday talk shows. captioned by the national captioning institute --www.ncicap.org-- >> a quick fix is not the answer for resolving the fiscal crisis, said the director of the international monetary fund. a more comprehensive solution is needed. christine the guard says any deal between president obama and congressional republicans must do more than simply avoid the fiscal cliff to get america pause economy growing again. >> there is still the degree of uncertainty. investors, entrepreneurs households, are not making decisions because they do not know what tomorrow will be. >> but washington's top republican leader, house speaker john boehner, complains there has been no progress in avoiding even immediate crisis. >> when it comes to the fiscal cliff disrupting our economy and threaten jobs, the white house has wasted another week. >> democrats s
. >> when it comes to the so- called fiscal cliff, president obama and house speaker john boehner met today. >> they said the lines of communication remain open. this comes after the head of the international my terry fund got tough on at the sunday talk shows. captioned by the national captioning institute --www.ncicap.org-- >> a quick fix is not the answer for resolving the fiscal crisis, said the director of the international monetary fund. a more comprehensive solution is...
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Dec 8, 2012
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how does this play into the fiscal cliff negotiations? >> well, i think the president can and will, i'm sure, make the case that the economy is now clearly headed in the right direction. that the lowering of the unemployment number is not an aberration nor was it a political trick that occurred during the campaign that some had charged. so the president can say, okay, we need to resolve this fiscal cliff issue. or else we're going to start heading in the wrong direction. don't interrupt the recovery that we're having. and if you do, congress, it will be your fault. >> and then as far as the job approval numbers for the president, and this is going to play into this leverage negotiation, as well. how is the president handling his job as president. this is an average of the major polls. 53% approve of the job he's doing. 43% disapproved. that's a three-year high. >> and our monitor poll out this week. 53% approval. and the widest gap we've had on whether people prefer him or republicans. he has a stronger hand in this debate, partially beca
how does this play into the fiscal cliff negotiations? >> well, i think the president can and will, i'm sure, make the case that the economy is now clearly headed in the right direction. that the lowering of the unemployment number is not an aberration nor was it a political trick that occurred during the campaign that some had charged. so the president can say, okay, we need to resolve this fiscal cliff issue. or else we're going to start heading in the wrong direction. don't interrupt...
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Dec 10, 2012
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the fiscal cliff issues, et cetera. let the speaker do what the speaker does best, and that's negotiate his deal. >> the other michael steele, in this town, which is to say speaker boehner, one of his spokes people, released this tidbit of information, and i stress the word tidbit because it is ever so small. discussions with the white house are taking place, but we have no detail to share about the substance of those conversations. the republican offer made last week remains a republican offer, and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people. when they are in a room together, do they stare at each other and not talk? presumably like some words are communicated and there is some ball moving somewhere if not forward then to the side? >> i'm going to twitch my eye a little bit. you're going to have to guess which entitlement i'm talking about. i think that's the case. i mean, it seems like part of the boehner stra
the fiscal cliff issues, et cetera. let the speaker do what the speaker does best, and that's negotiate his deal. >> the other michael steele, in this town, which is to say speaker boehner, one of his spokes people, released this tidbit of information, and i stress the word tidbit because it is ever so small. discussions with the white house are taking place, but we have no detail to share about the substance of those conversations. the republican offer made last week remains a republican...
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Dec 5, 2012
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. >>> and 27 days to go when the fiscal cliff arrives, so why are so many members of the house going home when they're supposed to be working on it? >>> and people showing up for others, right when they need it. nightly news begins now. >>> good evening, we begin tonight with an important story, details of which may sound very familiar to a lot of americans, given our history over the past few years in places like iraq. tonight, pentagon sources are telling nbc news syria is preparing chemical weapons for their possible use against the syrian people in the form of aerial bombs. it is believed this specific intelligence is the reason why president obama took a hard line against syria just a few days ago, warning them there would be consequences if these weapons were used. let's begin here tonight with the very latest. >> reporter: good evening, brian, u.s. officials tell us that the syrian military is poised tonight to use chemical weapons against its own people. and all it would take is the final order from syrian president assad. as the fighting grows more intense and syrian rebels
. >>> and 27 days to go when the fiscal cliff arrives, so why are so many members of the house going home when they're supposed to be working on it? >>> and people showing up for others, right when they need it. nightly news begins now. >>> good evening, we begin tonight with an important story, details of which may sound very familiar to a lot of americans, given our history over the past few years in places like iraq. tonight, pentagon sources are telling nbc news...
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Dec 5, 2012
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. >> jennifer: karl, is the fiscal cliff a republican party? it's a problem for us, but the political side, isn't it really a problem for them? >> it's a huge problem not just in the immediate where we are right now sense of the word. i'm surprised when they showed them to blame i guess in the halls of congress the republicans said yes we're ahead in the poll. this boiled down to their fading power with their fading demographics in the country and the demographics that look poorly on them. acting as spoiled children that hold this country ransom does not help them with any of the demographics that reelected this house, increased the number of democrats in the house or the senate. >> the tea party might say we won one and we lost one. we won 2010. we lost 2012 because we were too moderate. we had a meally mouth nominee-- >> i believethey're in a position-- >> if they act like real conservatives, real nut jobs, then we're proven right. they're blinded by their own ideology. >> i'm not surprised that a party who does not believe in evolution has o
. >> jennifer: karl, is the fiscal cliff a republican party? it's a problem for us, but the political side, isn't it really a problem for them? >> it's a huge problem not just in the immediate where we are right now sense of the word. i'm surprised when they showed them to blame i guess in the halls of congress the republicans said yes we're ahead in the poll. this boiled down to their fading power with their fading demographics in the country and the demographics that look poorly...
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Dec 13, 2012
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we are running up against the fiscal cliff. we heard from firms that unless a framework for a deal is forged in the next few days they are going to run out of time in order to actually move whatever deal they come up with through both changes to the house and the senate. this is why i got new information that last night senate majority leader harry reid met in a private dinner and he was saying he believes it's nearly impossible to get the fiscal cliff deal done before christmas. what they are focused on is a so-called plan "b" where the house in the next few days may pass extension of the middle class tax cuts. the old bush tax cuts. then let the tax rates for the rich go up and fight it out in january and february over spending cuts. we'll see whether or not conservative goes along with that, if speaker boehner was party to that. the second big story is susan rice. in the last couple of hours calling the president and saying she is pulling her name out of consideration for secretary of state, all because of the controversy ov
we are running up against the fiscal cliff. we heard from firms that unless a framework for a deal is forged in the next few days they are going to run out of time in order to actually move whatever deal they come up with through both changes to the house and the senate. this is why i got new information that last night senate majority leader harry reid met in a private dinner and he was saying he believes it's nearly impossible to get the fiscal cliff deal done before christmas. what they are...
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Dec 10, 2012
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. >>> oh, and you thought all you had to get through was the fiscal cliff fight. no. president obama's team is already working on the next big battle with republicans. immigration reform. politico reports the president is set to push his immigration plan soon and, quote, while top republicans think they need to make a big move on the issue and actually want a bipartisan deal with obama, the rank and file remains skeptical. joining me now, co-author of that article, jim vandahigh. let's start with a scene setter. when top republicans talk about making a big move, what do they mean? >> first you need to look back at the election. they look at the results and they saw mitt romney lost hispanicsy 44 points. i think establishment republicans are saying we got to do something and do something fast on immigration reform. particularly with providing a pathway to citizenship for illegal immigrants which has been a nonstarter for republicans until the last couple of weeks. what they're counseling their members to do is, listen, let's do a big deal with the president where we ta
. >>> oh, and you thought all you had to get through was the fiscal cliff fight. no. president obama's team is already working on the next big battle with republicans. immigration reform. politico reports the president is set to push his immigration plan soon and, quote, while top republicans think they need to make a big move on the issue and actually want a bipartisan deal with obama, the rank and file remains skeptical. joining me now, co-author of that article, jim vandahigh. let's...
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if obama wants to take the country off the fiscal cliff, they need to go there. they seem afraid of that. do you see that. >> it's clear from the election that the majority of americans essentially voted for european levels of spending. you can't have european levels of spending. we're one percent under canada. there's no difference any more, not in terms of government spending. we're close to norway. we're not quite to sweden yet, but we basically are spending like europeans, but we're not taxed like that. the idea that you can close that gap, i think he figured out if he can make this level of spending permanent, he changes the united states into a european socialism democracy and he'll be the most congress consl president of the last hundred years. >> it seems like we're close. we're right on the edge with all of the predictable results. >> i think you can be spee den if you -- sweden. he's risking ruin on a scale unknown, and of course, the other obvious point is that the youeuropeans are only able to do that because in fact the us army lives in germany and a
if obama wants to take the country off the fiscal cliff, they need to go there. they seem afraid of that. do you see that. >> it's clear from the election that the majority of americans essentially voted for european levels of spending. you can't have european levels of spending. we're one percent under canada. there's no difference any more, not in terms of government spending. we're close to norway. we're not quite to sweden yet, but we basically are spending like europeans, but we're...
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as you know, the talk about the fiscal cliff. some people say it is a slope. some people say it is a bungee jump. some people say it is a skateboard trek. it is going to go down and then up and and so forth. the bottom line, i think it is no way to govern. it is a giant mistake to have all of this in a pool of ambiguity. as i understand it, now, you would know more, it truly is a stalemate. they are not talking. >> you point out, it is the same players. i think you will agree the players that matter most are the president, speaker finger. what we know about their personal -- speaker john boehner. what we know about their personal relationship right now? >> it started out last year when they were working on the debt ceiling. it was called the merlo and the correct meeting. in other words, john boehner would have a merlo and obama would chu nicolette's. -- chew nicorettes. and they had iced tea for obama. of course, john boehner had his cigarette and put his cigarette in the ash tray away. they have not closed the deal. -- close to the deal on the personal relat
as you know, the talk about the fiscal cliff. some people say it is a slope. some people say it is a bungee jump. some people say it is a skateboard trek. it is going to go down and then up and and so forth. the bottom line, i think it is no way to govern. it is a giant mistake to have all of this in a pool of ambiguity. as i understand it, now, you would know more, it truly is a stalemate. they are not talking. >> you point out, it is the same players. i think you will agree the players...
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and that would push the fiscal cliff higher for 2013. i'm christine romans. >>> all right, pay attention to this, it would affect you. many of us rely on them. on-line reviews of businesses and products. but did you ever think that giving a negative review would give you in trouble? a d.c. contracting firm is suing a woman for $750,000 for her tough report. she complained that the work done to her property was damaged. sloppy paint, stained carpet. there you go, a toilet, a seal that needed to be replaced. but a judge has sided with the contractor. karen conte is here, thank you for joining us. >> good to see you and finally meet you in person, much better looking in person, i have to say. >> so are you. >> oh, gosh, we all love each other. >> yeah, until after the show. >> i spoke with him yesterday, he said the picture of the carpet, he said that was not his. that was before he replaced the carpet. he is suing for internet defamation claiming he lost thousands in business because of her review. so where did a person's first amendment r
and that would push the fiscal cliff higher for 2013. i'm christine romans. >>> all right, pay attention to this, it would affect you. many of us rely on them. on-line reviews of businesses and products. but did you ever think that giving a negative review would give you in trouble? a d.c. contracting firm is suing a woman for $750,000 for her tough report. she complained that the work done to her property was damaged. sloppy paint, stained carpet. there you go, a toilet, a seal that...
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Dec 6, 2012
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-- off that fiscal cliff. after all, we will go over the cliff and there will be cuts which should gland the hearts of republicans and -- gladden the hearts of republicans and then we will have more revenue which will grand the hearts of democrats. we -- gladden the hearts of dems. we will very likely go back -- democrats. we will very likely go back and elect the same group of people to do the same bad job and then this. the football player from kansas city who killed the mother of his child and then himself, he said bob costas was wrong when he argued that cassandra perkins would still be alive if belcher doesn't have a gun. what next? control on cars? they are used in more homicide than guns. we need to amp up our education on certain freedoms and liberties and put larger penalties on those who abuse them, but nick, that is the point. we don't ban cars because they're potentially dangerous, but there are significant controls on their use and ownership. they're registered, licensed and you have to have train
-- off that fiscal cliff. after all, we will go over the cliff and there will be cuts which should gland the hearts of republicans and -- gladden the hearts of republicans and then we will have more revenue which will grand the hearts of democrats. we -- gladden the hearts of dems. we will very likely go back -- democrats. we will very likely go back and elect the same group of people to do the same bad job and then this. the football player from kansas city who killed the mother of his child...
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Dec 6, 2012
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i think we're getting somewhere with this fiscal cliff problem. number one, smart conservatives now say the republicans would face hell if they let this country go over the fiscal cliff. just to protect the top 2%. better to take the hit now, they argued, than in january with the world economy in turmoil and second recession coming. number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more. number three, there's talk for the republican leaders that they could vote to continue the tax cuts for the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but
i think we're getting somewhere with this fiscal cliff problem. number one, smart conservatives now say the republicans would face hell if they let this country go over the fiscal cliff. just to protect the top 2%. better to take the hit now, they argued, than in january with the world economy in turmoil and second recession coming. number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more....
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the fiscal cliff would affect 27 million american families. there are other parts of this. when you hear about the fiscal cliff, it is not really the tax rate. i do not buy that at all. i do not think we need to increase these tax rates. >> if you go over and the tax rates go up on everyone and all that goes away -- >> i do not think we should do it. i think we should resolve this. it depends on if we do something about it in the next month or two after that. if we do something in 30 days or 90 days and we are clear about that, but nothing people believe we are going to do something until we do it. >> the to go to the broader concern. does the top rate have to end the 39.6% the way it was under bill clinton? could be democrats accept something between if it was coupled with a reduction in the ability on the top 2% to except a reduction of deductions? >> i do not want to second-guess what we might decide. i do not think that is what we should debate the right now. multimillionaires and what deductions they can take is something different. this is where we are. >> that is in
the fiscal cliff would affect 27 million american families. there are other parts of this. when you hear about the fiscal cliff, it is not really the tax rate. i do not buy that at all. i do not think we need to increase these tax rates. >> if you go over and the tax rates go up on everyone and all that goes away -- >> i do not think we should do it. i think we should resolve this. it depends on if we do something about it in the next month or two after that. if we do something in...
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>> well, just look at speaker boehner's fiscal cliff proposal. three-page letter with three simple bullet points. that's the entire proposal to deal with the fiscal cliff and starts out with the sentence that's remarkable, tamron. first sentence is because the election is a status quo, both sides have to compromise. they didn't see what happened. they just dismissed it as a status quo election and this is not just speaker boehner we eric cantor and paul ryan, kevin mccarthy. the entire house republican leadership signed on to the so-called fiscal cliff proposal letter. they're not serious about negotiating. i don't know the right wing and the tea party of who the republican party is nowadays but it's impossible to have a deal with one side refuses to compromise even after losing. they will not accept their own defeat. >> right. >> and that is the problem. >> a.b. let's play what congressman walter jones had to say on this boehner purge. i have the full screen of what he had to say when several members were removed as identified not being team pla
>> well, just look at speaker boehner's fiscal cliff proposal. three-page letter with three simple bullet points. that's the entire proposal to deal with the fiscal cliff and starts out with the sentence that's remarkable, tamron. first sentence is because the election is a status quo, both sides have to compromise. they didn't see what happened. they just dismissed it as a status quo election and this is not just speaker boehner we eric cantor and paul ryan, kevin mccarthy. the entire...
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Dec 6, 2012
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it is important to avoid the fiscal cliff and to do it the right way. >> reporter: doing it the right with a depends on who you are speaking to. i asked chris van hollen what happens if the white house and republicans in congress cannot reach a deal by january 1st. >> it doesn't necessarily mean january 2nd the world falls apart. but what it does mean is, if you go into january, deeply into january without having resolved these issues, taxes will go up across the board on everybody. that is a big tax increase. >> reporter: and deep across the board spending cuts in defense and other areas of the federal government. >> the plans that the white house has talked about thus far, they couldn't pass either house of the congress. >> reporter: president obama says he will not sign a bill without a tax increase on incomes over $250,000. he met with a room full of ceos in washington today. >> i know that many of you have come down here to try to see, there a way we with break through the logjam and go ahead and get things done. and i'm here to tell you that nobody wants to get this done more th
it is important to avoid the fiscal cliff and to do it the right way. >> reporter: doing it the right with a depends on who you are speaking to. i asked chris van hollen what happens if the white house and republicans in congress cannot reach a deal by january 1st. >> it doesn't necessarily mean january 2nd the world falls apart. but what it does mean is, if you go into january, deeply into january without having resolved these issues, taxes will go up across the board on everybody....
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in 2013 regardless if we drive off the fiscal cliff or not. it is force the nation's hardest workers believe it or not cough up more dough. the country's wealthiest put uncle sam competence forever. joining us now. the government made all his mistakes, so the really wealthy people can pay for it all. speak the whole point is it can fit the bill. we'll add $10 trillion of debt, doesn't obama taught no tax increases. we're talking cover the debt over that time. it is not enough to prevent a debt crisis down the line. tracy: we have seen it time and time again. thougthe ability to wealth if yu have access to important people. they don't have to pay taxes after all. >> people don't work as hard as ithey otherwise would have, dont take risks so don't get the growth have not raised taxes. i think that's what would happen if we went with president obama's plan. they come it will not grow as fast as it would have. speetracy: inevitably our taxesl go up because the wealthy do not pay as much as they thought. >> there's not enough revenue at the top to
in 2013 regardless if we drive off the fiscal cliff or not. it is force the nation's hardest workers believe it or not cough up more dough. the country's wealthiest put uncle sam competence forever. joining us now. the government made all his mistakes, so the really wealthy people can pay for it all. speak the whole point is it can fit the bill. we'll add $10 trillion of debt, doesn't obama taught no tax increases. we're talking cover the debt over that time. it is not enough to prevent a debt...
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there's an assumption that the president doesn't want to go over the fiscal cliff like the republicans don't. and i think that's the wrong assumption. i think the president does want to go over the fiscal cliff and yet, there's no coverage of that whatsoever. bob woodward actually gave a video interview to political this week and said who is barack obama and what drives him? it's not a big mystery at this point. >> the media seem to have no problems supporting the idea of putting higher taxes on higher wage earningers in this country and take a look at this from the california teachers union. >> and ordinary people wondered why rich people needed so much money, the 1% said, don't worry, this is good for you, too. because it will trickle down from us to you. and some day, you'll be rich and then the rules we made for us will be your rules, too. >> and that's ed asner, the actor, voicing that production. what's been the media reaction, jim? >> not much. part of it is i'd be hard pressed on a family channel to describe what we just saw there. you have to look, rewind it and look closely a
there's an assumption that the president doesn't want to go over the fiscal cliff like the republicans don't. and i think that's the wrong assumption. i think the president does want to go over the fiscal cliff and yet, there's no coverage of that whatsoever. bob woodward actually gave a video interview to political this week and said who is barack obama and what drives him? it's not a big mystery at this point. >> the media seem to have no problems supporting the idea of putting higher...
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Dec 11, 2012
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speaspeaker they begin now untie are near the fiscal cliff. mortgage rates three and a quarter percent. buyers have been on the sidelines for five years and anxiously been waiting for better news, more consumer confidence to come back out. we had a great spring selling season. now we are selling into the winter. it all feels good. liz: that doesn't usually happen with this much muscle. are there any log jams, or our would-be buyers getting the credit they need to buy the homes? >> our clients can get mortgages. our buyers tend to put a lot more money down. they mortgage a lot less, very high credit ratings. we are not seeing that problem at all. lower price point a little bit of a problem but it is getting better. liz: when you look at parts of the business that have done well. the analyst has taken a bit of a back seat to the actual lending business creating a cash cow for a lot of you guys. how is that doing and we understand the margins are very healthy for a lot of these names that are out there? >> our service is toll brothers, the only c
speaspeaker they begin now untie are near the fiscal cliff. mortgage rates three and a quarter percent. buyers have been on the sidelines for five years and anxiously been waiting for better news, more consumer confidence to come back out. we had a great spring selling season. now we are selling into the winter. it all feels good. liz: that doesn't usually happen with this much muscle. are there any log jams, or our would-be buyers getting the credit they need to buy the homes? >> our...
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setting up the fiscal cliff, a man-made challenge, what do they think of us? >> actually, they look at us and think we're going to work it out. >> to put it differently, they can't believe we will screw up. >> they're kind of thinking about the debt ceiling debate. they're not following this like we are. and they remember the last time we were in a situation. >> last time we got downgraded. >> it didn't seem to have much economic impact. people are just looking at us figure, oh, you know those crazy americans, they'll work it out at the last minute. >> what will they say if they get up january 2nd or 3rd after the new year and see we didn't work it out. >> it's my hope, towards later december, we'll actually have -- i want to convince people on the right, i think it's the president's job to convince the slower learners on the republican side that this is serious business. and we have a deal now, as if you know what's going to happen in january. there's going to be a january. we know that. there's a december, there will be a january. do you want to be in januar
setting up the fiscal cliff, a man-made challenge, what do they think of us? >> actually, they look at us and think we're going to work it out. >> to put it differently, they can't believe we will screw up. >> they're kind of thinking about the debt ceiling debate. they're not following this like we are. and they remember the last time we were in a situation. >> last time we got downgraded. >> it didn't seem to have much economic impact. people are just looking at...
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why aren't you for going over the fiscal cliff? i heard you yesterday saying it would be catastrophic, but let me read you estimates. we go over the cliff, we suddenly have -- we're basically taking in as much money as we're spending over a five-year period. yes, the economy is in bad shape in 2013 but by 2018 we'd have a debt to gdp ratio of 1.1%. isn't this simpson-bowles on steroids? >> you know, it's no different than what happened over in the uk, in my opinion. they had a similar proposal to what we proposed with dollar revenue and $3 worth of spending cuts. they had a cost benefit analysis they did on all the spending programs, they raised the retirement age. they slowed the rate of growth of health care and they tried to get to balance in four or five years. and we thought at the time the debt was too much too quick that amount of austerity would really, you know, lead to a recession. that's why we had as our number one priority in our program that we didn't want to do anything to disrupt a very fragile economic recovery, so
why aren't you for going over the fiscal cliff? i heard you yesterday saying it would be catastrophic, but let me read you estimates. we go over the cliff, we suddenly have -- we're basically taking in as much money as we're spending over a five-year period. yes, the economy is in bad shape in 2013 but by 2018 we'd have a debt to gdp ratio of 1.1%. isn't this simpson-bowles on steroids? >> you know, it's no different than what happened over in the uk, in my opinion. they had a similar...
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just click the fiscal cliff banner at the top of our home page. there you'll find the countdown clock and a calculator to help figure out the cliff's impact on you. >>> later this morning, the man accused of shooting the manager at the family research council is supposed to let prosecutors know if he will take a plea deal or not. prosecutors told floyd lee corkins that he would have to plead guilty to three counts of ten counts in a federal indictment, including a charge of committing an act of terrorism. corkins is accused of opening fire at the council's headquarters in northwest washington not long ago. the man wounded in the shooting held down the gunman until police got there. >>> a new study could change the way women are treated for breast cancer. british researchers found taking the drug tamoxifen for a longer period of time could have major benefits. researchers are suggesting women take tamoxifen for ten years. that's twice the current recommendation. they say patients who do are less likely to die from the disease and less likely to hav
just click the fiscal cliff banner at the top of our home page. there you'll find the countdown clock and a calculator to help figure out the cliff's impact on you. >>> later this morning, the man accused of shooting the manager at the family research council is supposed to let prosecutors know if he will take a plea deal or not. prosecutors told floyd lee corkins that he would have to plead guilty to three counts of ten counts in a federal indictment, including a charge of committing...
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and as you know, this isn't one fiscal cliff. this is six or seven different things that can be taken on one at a time. the middle class and the working class can be protected. the only thing preventing that from happening is the house leadership. and that's a tough situation for the republicans to be in, where they either have to show their true priority, which is to hold the middle class hostage, or take this piece away and be forced to show what they're really standing for. >> but if you look at the fish bowl the republicans are swimming in right now, there are a lot of sharks. you've got mitch mcconnell, who's running for re-election. you've got eric cantor, looking over speaker boehner's shoulder. he'd love to have that job. i mean, how can you get an honest broker out of the republican camp, when all of this stuff is swimming around? you've got the hard right-wing tea partyers out there. you've got mcconnell looking at possibly being in a real tough re-election. and as i said, you know, boehner, is he protecting his backsid
and as you know, this isn't one fiscal cliff. this is six or seven different things that can be taken on one at a time. the middle class and the working class can be protected. the only thing preventing that from happening is the house leadership. and that's a tough situation for the republicans to be in, where they either have to show their true priority, which is to hold the middle class hostage, or take this piece away and be forced to show what they're really standing for. >> but if...
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Dec 7, 2012
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the fiscal cliff and the debt ceiling, are they connected? >> the white house wants them to be connected. they actually think if neck get a deal decoupling the bush tax cuts, having entitlement reform in dealing with the debt ceiling that is getting a raise and not having to worry about it for another couple of years, that's what they want. house republicans have indicated that, look, they actually might want it to kick the can down the road, make a deal on taxes but kick it down the road where they have more leverage. president obama was asked about that earlier this week and said he doesn't want to play the debt ceiling game anymore. that's where republicans have more leverage than then do on other matters. >> all right. senior political editor mark murray, have a great weekend, sir. >> i want to bring in congressman peter welch from vermont. good to see you again. talked to you last weekend on msnbc. at that point you told me that you thought there was a 50/50 shot we'd go off the so-called fiscal cliff. today speaker boehner said talks we
the fiscal cliff and the debt ceiling, are they connected? >> the white house wants them to be connected. they actually think if neck get a deal decoupling the bush tax cuts, having entitlement reform in dealing with the debt ceiling that is getting a raise and not having to worry about it for another couple of years, that's what they want. house republicans have indicated that, look, they actually might want it to kick the can down the road, make a deal on taxes but kick it down the road...
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>> no one wants to go over the fiscal cliff. worse would be for the president to sign a bad bill. >> all right. alan krueger, chairman of the president's counscil on economi advisers. mr. krueger, nice to see you that month. i'll see you next month, i promise. >> thank you, chuck. >>> trivia time, jim demint's decision to step down 0 means south carolina will have two seats on the ballot in 2014. who was elected the last time both of south carolina's senate seats were on the ballot in the same election? strom thurmond, of course, and the longest serving junior senator perhaps in the history of america, fritz hollings. senator thurmond won re-election and hollings, the form earp governor at the time, won a special to fill a seat left empty when johnston died. we'll be right back. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's no
>> no one wants to go over the fiscal cliff. worse would be for the president to sign a bad bill. >> all right. alan krueger, chairman of the president's counscil on economi advisers. mr. krueger, nice to see you that month. i'll see you next month, i promise. >> thank you, chuck. >>> trivia time, jim demint's decision to step down 0 means south carolina will have two seats on the ballot in 2014. who was elected the last time both of south carolina's senate seats were...
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one is the fiscal cliff. you're one of the keener minds in great britain. what do you make of what's going on in america? the expression, if america sneezes, we all catch a cold back in europe, is as true as ever. what do you think should be hopping here to get a deal to avoid the fiscal cliff happening? >> i have no doubt that people are working hard to get a deal. we have the president re-elected and have a new congress, think it's right they get down to the business of sorting this out. i think america's got to think that what it needs to do is get growth in its economy, as well. and it needs to get growth by trade and exporting. and i think what we're missing at the moment is a global agreement whereby the big powers try to work on the economy. you have to have fiscal problems and you also have to have growth. that's the key for the future. there's a global deal waiting to be done, with china, europe, india also involved in this, and of course, america itself, where we could build the confidence that's necessary to get high levels of growth around the w
one is the fiscal cliff. you're one of the keener minds in great britain. what do you make of what's going on in america? the expression, if america sneezes, we all catch a cold back in europe, is as true as ever. what do you think should be hopping here to get a deal to avoid the fiscal cliff happening? >> i have no doubt that people are working hard to get a deal. we have the president re-elected and have a new congress, think it's right they get down to the business of sorting this...
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the countdown is on until the nation falls over the fiscal cliff. some sharp new words from president obama this morning in his weekly address. >> if we're serious about reducing our deficit, while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one wrins pal i won't compromise on. >> good saturday morning to you, mike. >> hi, alex. >> let's talk about the time line. is there a realistic one in which this can all get done by the beginning of the year? >> i think there is, alex. i think people know the parameters of the year. it's just can they get there, do they have the political will to get there. more importantly, alex, do they have the votes to get there in the house of representatives. you heard the president. he says no compromise on this issue of raising taxes for the wealthy. there's one glimmer of hope, how much to hike taxes. as you know, clint
the countdown is on until the nation falls over the fiscal cliff. some sharp new words from president obama this morning in his weekly address. >> if we're serious about reducing our deficit, while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one wrins pal i won't compromise on. >>...
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just 19 days until we go over the so-called fiscal cliff. and it does not appear there's much progress on the deal. >> listen, i was born with the glass halfful. i remain the most optimistic person in this town but we've got some serious differences. >> we have fascinating insight from the new nbc/"wall street journal" poll asking what you think of the fiscal cliff. most want compromise. 70% say the heres involved should work together. 59% of republicans, far fewer say both to stick to thing guns. 35% of democrats, and 37% of republicans. but this is where the country is split. 48% are optimistic that we will get a deal exactly the same number are not so confident. i'm going to bring in chris wright's congressional correspondent for the national journal and ruth marcus is a columnist for "washington post." ruth, we'll start for you. if you're a remember of congress or the president -- >> way to go. don't do that to me. >> just for a moment, ruth. go with he. >> all right. >> do you say we need to get this done? and compromise is more importa
just 19 days until we go over the so-called fiscal cliff. and it does not appear there's much progress on the deal. >> listen, i was born with the glass halfful. i remain the most optimistic person in this town but we've got some serious differences. >> we have fascinating insight from the new nbc/"wall street journal" poll asking what you think of the fiscal cliff. most want compromise. 70% say the heres involved should work together. 59% of republicans, far fewer say...
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subtract 3.5, that is a severe recession. >> if we go off the fiscal cliff with no policy changes the near-term negative economic consequences would be significant and most assuredly throw us into a recession. >> comes a day after treasury secretary tim geithner told cnbc the white house is prepared to go the distance if its demands are not met. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we see there's no agreement that done involve those rates going up on the top 2% of the wealthiest. remember it's only 2%. >> former senator alan simpson, co-founder of the fix the debt campaign, choice words and analysis for would-be cliff jumpers. >> when you have leaders of parties and people from the administration saying, i think it will be to the advantage of the democrats to go off the cliff, wealthy it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. this is big-time stuff. >> surprising exactly no
subtract 3.5, that is a severe recession. >> if we go off the fiscal cliff with no policy changes the near-term negative economic consequences would be significant and most assuredly throw us into a recession. >> comes a day after treasury secretary tim geithner told cnbc the white house is prepared to go the distance if its demands are not met. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we...
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coming up, the looming fiscal cliff. you know, it's part of our nation's financial problem. but what about the spenning? how do we get a handle on the growing $16 trillion deficit? coming up next, tim murphy of pennsylvania will be here to tell us what else the nation needs to do to get our economic house in order. have you heard about that tragic situation, josh brent, cowboys defensive lineman? he faces charges after a car crash that killed one of his teammates? that's straight ahead. >> it's really unfortunate that that happened, making an everyday decision that can affect everything everybody's life. >> i am sure it will be difficult to move on. but i am sure they will bounce back and be able to come around. s my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. >> jamie: another sad story out of the,r of the nfl. a member of the dallas cowboys is facing manslaughter. josh brent was allegedly drunk and speeding during a
coming up, the looming fiscal cliff. you know, it's part of our nation's financial problem. but what about the spenning? how do we get a handle on the growing $16 trillion deficit? coming up next, tim murphy of pennsylvania will be here to tell us what else the nation needs to do to get our economic house in order. have you heard about that tragic situation, josh brent, cowboys defensive lineman? he faces charges after a car crash that killed one of his teammates? that's straight ahead....
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peter, to you first. >> not the fiscal cliff. not today. just a day at a meeting speaker john boehner at the white house, president obama extended a little olive branch in avoiding the fiscal cliff. >> i have said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and had some common western democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> the white house would not disclose any details of the meeting with the president and the speaker yesterday. both sides confirming communications are open. speaker john boehner saying discussions are taking place. liz: maybe the fact they're keeping quiet may mean something is really going to happen. keep dreaming. >> does politics have to watch out what is happening in silicon valley. apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instea
peter, to you first. >> not the fiscal cliff. not today. just a day at a meeting speaker john boehner at the white house, president obama extended a little olive branch in avoiding the fiscal cliff. >> i have said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and had some common western democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> the white house...
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economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more days. the house g.o.p. requires that the bill be posted for parts of three days which means early next week in order for votes by the end of next week. veterans of past capital hill battles note the whip operation convincing lawmakers to vote for the legislation they barely seen will be critical. >> likely that both sides, the president and the speaker are going to have to twist arms, they are going to have to call people. they are going, you know, do anything they can to push a deal over the line. >> with christmas eve in two weeks, the president, lawmak
economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more...